BankServ has allowed Union Bank of India, the leading public sector Indian bank, to meet SWIFTNet Phase 2 C1 country deadline. The bank went live on the latest version of BankServ’s TurboSwift and TurboRMA solutions to manage all domestic and international payments.
As a result of the SWIFTNet Phase 2 infrastructure upgrade, there was a need to update the bank’s existing TurboSwift installation. The bank has a large number of users and high message volumes but TurboSwift should enable the bank to manage on-going messaging needs in an automated environment.
“The Indian banking sector is undergoing significant growth and many banks are struggling to keep pace. Meeting SWIFT’s mandatory deadlines for SWIFTNet Phase 2 posed a major challenge,” says Mary Ellen Putnam, Vice President of International Business, BankServ.
The SWIFTNet Phase 2 upgrade was completed by Synergy Login Systems, BankServ’s distribution and support partner in India.